Home' Trinidad and Tobago Guardian : November 23rd 2014 Contents A29
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Seasoned and rookie business journalists got
the opportunity to take their craft to another level
when the Unit Trust Corporation (UTC) hosted
a Business Media Workshop on October 15 and
16, at the Hyatt Regency, Port-of-Spain.
At the end of the workshop, reporters and editors
were presented with Certificates of Participation
and digital voice recorders. The UTC s first media
workshop was held in 2012.
The workshop was facilitated by investment
writer Leo Gough who has worked with numerous
clients to produce books and reports on investment
and business topics, including his notable book
The Con Men, written about the history of financial
fraud and the lessons that can be learnt from them.
Each participant was given an autographed copy
of this book.
The workshop delivered on its objective to use
a classroom environment to engage journalists and
help them get a greater understanding of economic
influences on the capital and financial markets,
financial institutions, businesses, and the ordinary
Gough spoke on topics such as, Why Investment
Journalism Matters, Spotting the Red Flags and
Good Investment Writing.
He also sat on a panel discussion with Wain Iton,
CEO of the T&T Securities Exchange Commission
to discuss Securities Regulation, an interactive ses-
sion that shed light on the role of the SEC.
In delivering his feature presentation, themed,
The Value of Financial Reporting to Corporate Gov-
ernance and Shareholder Value, UTC Executive
Director Ian Chinapoo emphasised that without
adequate information, investors cannot properly
judge the opportunities and risks of investment
alternatives presented to them.
He stressed the importance of financial reporting
as a core element of corporate governance.
"With greater access to information on manage-
ment performance, stakeholders will be better
equipped to make informed decisions on their
investments," he said, in light of the many financial
scandals that have plagued the financial industry
of the past few years.
According to Chinapoo, improving financial
reporting is key to strengthening corporate gover-
nance and control.
"Corporate governance structures serve to ensure
that minority shareholders receive reliable infor-
mation and that a company s managers and large
shareholders do not cheat them out of the value
UTC raises bar on financial journalism
of their investments, and to motivate managers to
maximise firm value instead of pursuing personal
UTC Chairman Wendell Mottley, in his address,
echoed the sentiments of the executive director
when he reminded media participants that they
continue to play a critical role by monitoring and
reporting on matters of governance, business con-
duct, and financial performance.
He said: "The media must have an appreciation
for the sensitivity of business and finance, in order
to analyse and sift through complex financial infor-
mation and distil it in a simplified manner for their
readers to better understand."
Mottley said: "In our estimation, the media can
neither be ignored nor underestimated in the context
of development of a country.
"You are a key stakeholder in disseminating infor-
mation, as unpalatable as it may be at times."
Other guest speakers at the workshop were Kurt
Valley, president of the Mutual Funds Association
of T&T who did an overview of How to Report on
Mutual Funds to Influence and Inform, and Jason
Grant, UTC legal officer, who had the rapt attention
of the reporters when he provoked discussion on
The Role Financial Reporting and Defamation.
Anthony Wilson, left, chief editor--Business, Guardian Media Ltd, greets Tony
Fraser, freelance journalist.
Leo Gough, UTC workshop facilitator, centre, engages in discussion with UTC
Chairman Wendell Mottley and executive director, Ian Chinapoo.
Wain Iton, CEO, T&T Securities and Exchange Commission explains securities
regulation together with workshop facilitator, Leo Gough, left, and Kerron
Blandin, panel moderator, centre.
The workshop was facilitated by
investment writer Leo Gough who has
worked with numerous clients to produce
books and reports on investment and
business topics, including his notable
book The Con Men, written about the
history of financial fraud and the lessons
that can be learnt from them. Each
participant was given an autographed
copy of this book.
Media participants in discussion.
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